Mettler-Toledo International, Inc. (MTD) Director Robert F. Spoerry Sells 5,000 Shares
Mettler-Toledo International, Inc. (NYSE:MTD) Director Robert F. Spoerry sold 5,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $607.00, for a total value of $3,035,000.00. Following the sale, the director now directly owns 10,587 shares of the company’s stock, valued at approximately $6,426,309. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Mettler-Toledo International, Inc. (MTD) traded up 0.39% during trading on Thursday, hitting $607.83. The stock had a trading volume of 26,186 shares. The firm has a market cap of $15.60 billion, a P/E ratio of 37.38 and a beta of 1.11. The firm has a 50 day moving average price of $589.17 and a 200 day moving average price of $547.84. Mettler-Toledo International, Inc. has a 12-month low of $386.01 and a 12-month high of $618.13.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping the Zacks’ consensus estimate of $3.89 by $0.03. The company had revenue of $653.70 million for the quarter, compared to analyst estimates of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.22 earnings per share. On average, equities analysts expect that Mettler-Toledo International, Inc. will post $17.33 earnings per share for the current fiscal year.
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Several analysts have issued reports on the company. Morgan Stanley reissued an “equal weight” rating and set a $565.00 price target (up previously from $533.00) on shares of Mettler-Toledo International in a report on Saturday, July 22nd. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $684.00 price target for the company in a report on Friday, July 21st. Wells Fargo & Company raised Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 12th. BidaskClub raised Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $550.00 price target on shares of Mettler-Toledo International in a report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $569.80.
Several institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC lifted its stake in shares of Mettler-Toledo International by 220.6% in the second quarter. Lord Abbett & CO. LLC now owns 70,567 shares of the medical instruments supplier’s stock worth $41,532,000 after acquiring an additional 48,554 shares during the period. Toronto Dominion Bank lifted its stake in shares of Mettler-Toledo International by 25.0% in the second quarter. Toronto Dominion Bank now owns 8,748 shares of the medical instruments supplier’s stock worth $5,147,000 after acquiring an additional 1,748 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Mettler-Toledo International in the second quarter worth approximately $18,843,000. Colony Group LLC acquired a new position in shares of Mettler-Toledo International in the second quarter worth approximately $277,000. Finally, Koch Industries Inc. lifted its stake in shares of Mettler-Toledo International by 96,281.2% in the second quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after acquiring an additional 696,113 shares during the period. 93.14% of the stock is currently owned by institutional investors.
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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